The Invention of the White Working Class
“White working class” is a dog whistle, not a demographic.
Read more...Category Archives: Politics
Wolf Richter: Bank Bailout Balloons, Tab for Italian Banking Crisis Soars
Monte dei Paschi di Siena sinks deeper into the mire and bailout costs spike to €8.8 billion, while the ECB claims the bank is “solvent”.
Read more...10 Reasons Trump Won’t Lead A Nuclear Renaissance
Even though Trump is keen about nukes, a look at energy markets shows why his enthusiasm won’t boost nuclear energy generally.
Read more...A Tale of Two Retirements: The Great Divide Between CEOs and Everyone Else
Pension, compensation, and tax rules exacerbate inequality, fueling a huge gap between retirement benefits for CEOS and ordinary workers.
Read more...Ilargi: 2017 – Where the Truth Lies
‘Respectable’ news outlets have been feeding their readers ‘fake news’ for years now. 2017 will see changes in the offing, as we downsize.
Read more...A Battle Over American-Made Products Is Looming and Republicans Are in the Middle of It
Why “Buy American” is going to be a tough sale for Trump.
Read more...“The Narrative,” Neoliberalism, and Identity Politics
If one had to devise a narrative for political purposes…
Read more...Wolf Richter: New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said)
Lambert here: I blame Putin. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Hardly any improvement for individuals since the Great Recession. When Donald Trump campaigned on how “terrible” the jobs situation was, while the Obama Administration touted the […]
Read more...Young Sanders Campaign Aides Plan Anti-Trump Permanent Protest Base in Washington
The organizers behind Millennials for Bernie are raising money to create an anti-Trump movement headquarters in Washington DC that will be a base for sustained resistance against the next president and his administration.
Read more...Progressives Need to Promote Deficit Spending Before Trump Makes It His Baby
The failure to do enough deficit spending is a big reason why the Democrats hemorrhaged losses. Progressives need to take up this issue.
Read more...Why Central Bank Models Failed and How to Repair Them
Why macroeconomic models perform so badly.
Read more...Chanos: Is a Big Change Underway in Global Capitalism?
Storied short seller Jim Chanos takes a long view of recent political and economic changes, including, of course, the Trump win.
Read more...I Correct Schumer Fudging What Medicare Privatization Would Mean and He Pretends He Was Being Honest All Along
Chuck Schumer’s nose is getting so long that he needs to get a hacksaw. That does not not bode well for the Democrats standing up to Trump.
Read more...Tom Engelhardt: The Future According to Trump
Gaming out some likely Trump scenarios.
Read more...Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability; Credit Suisse Also Settles While Barclays Holds Out
Deutsche came off well in a mortgage settlement with the DoJ, while Barclay’s decision to fight doesn’t look so smart.
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